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Articles tagged with: vendor take-back mortgages

Aug18

Vendor Take-Back Mortgages: An Alternative Home Financing Route

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With mortgage interest rates on the rise and the housing market shifting to a more buyer-friendly version, we may begin to notice a resurgence in vendor take-back (VTB) mortgages. Although more commonly used in commercial real estate transactions, a VTB mortgage can used as a creative financing strategy in residential deals as well. Prospective purchasers having trouble securing a mortgage with a traditional lender due to their poor credit or inability to make a large enough downpayment are prime candidates for a VTB mortgage.

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